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Yeah, it's a bs mathology like theta decay. I was only 25% away from the profit goal. Then overtraded a choppy market and hit my trailing drawdown yikes! Guess, I should try again but with better risk management next time! It would be nice if you can implement daily loss/profit trigger within...

That has me a bit worried. I just signed up for the 100k fast track evaluation. Trading 1 ES contract at a time to be safe since I don't understand drawdown calculations. Trailing drawdown did not change and max drawdown is $375.58 ATM over 16 trades.

No BS mathology terms like Theta and IV that favors the option seller and not vice versa.

My biggest fat finger I bought $10000 position on a volatile MEME stock with only $3000 capital and had to get out immediately for a $500 loss. Ofc, it ran like 50%+ as soon as I exited.

I was under the impression the futures market was closed when the U.S. stock market opens at 9:30am-4pm. Apparently, that wasn't the case after some googling. I just realize I posted on the wrong thread. (Thought this was the Q&A section.)

Does Topstep allow trading the ES during regular market hours? As I am not too familiar with how the market moves outside that parameter. Also, do you need any proof of identification to signup? (Loss my passport a while ago.)

Meme's hardly see next day followthru nowadays. About 12 out of 10 times they fade near the open til EOW. Dis shit also happen with AMC, BBBY & SAVA. Grabbing puts would've been a good idea if the IV wasn't such a ripoff.

I read about that and thought the same. But it may have been some major hand who knew something that propped others into action.

SPY just bounced hard off the 371 support and broke yesterday's high. :wtf: I am thinking shorts are getting murdered this week.

Grats. My 1st instinct was to hold shorts but got shaken out.

Cathy Woods making timely investment decisions as always

Well I exited my puts at the last minute. Felt like the FED was giving me the middle finger treatment. :vomit:

Flipped an strangle. I can't tell what this market wants to do but it is def too dangerous to short it.

Bulltrap or Beartrap. I loaded up on option calls. I rather lose when the market is moving, than lose when the market is doing nothing.

I prefer to just open my own private discord section that I use to record my watchlist, trades & pnl etc. Handwriting cannot record charts or copy and paste images for convenience.

Looks like the market shifted direction when everyone thought there was gonna be more blood to spill on Monday. Major recovery or overextended bear rally.

Spoke too soon... Futes down big and doesn't even look close to scratching the surface.

Hopefully, that would be the best case scenario for me to salvage some of my badly timed option calls. Well at least, the futures market didn't selloff immediately so we may just be heading in that direction.

I have no idea why this guy is trying to stir up controversy.

This chart formation is very ugly. I am suspecting there will be a huge gap down. :(